Friday, 24 October 2014
Last updated 1 hour ago
Jul 29 2010 | 1:03pm ET
Osmium Capital Management is set to close its flagship hedge fund to new investors this year, the firm said.
The Osmium Special Situations Fund currently manages $330 million. But the firm has enjoyed strong returns in recent years, including a 6% jump in the first half. Osmium credited a decline in proprietary trading on the part of banks and risk-aversion on the part of hedge funds for the number of opportunities it has enjoyed.
The firm said that existing commitments and “strong” interest from other investors should push it to $500 million by the end of the year, Dow Jones Newswires reports. When it reaches that level, the firm will close the fund, which has an annualized return of 16% since its launch more than five year ago, it said.
Osmium also recently hired Northwater Capital Management’s Craig Hippern as chief financial officer. Hippern served as head of financial reporting at the Toronto-based hedge fund.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...